A consortium of banks led by Sunrise Bank Ltd has agreed to finance about Rs 1.60 billion for the 10-MW Langtang Khola hydropower project on the Langtang River located in the Rasuwa district in the Himalaya region of Nepal.
Other banks in the consortium are Sidhhartha Bank Ltd, Nepal Credit and Commerce Bank Ltd and Janata Bank Nepal Ltd.
The project is estimated to cost Rs 2.17 billion. The project, which is being developed by Multi Energy Pvt Ltd, is located in Syaphrubeshi VDC of Rasuwa.
Also in the Rasuwa district, Nepal Water and Energy Development Company Private Ltd. (NWEDCPL) is developing the 216-MW Upper Trishuli 1 run-of-river hydroelectric project on the Trishuli River. It is expected to be completed in early 2019 and annually generate about 1,456 GWh to supply the national grid, according to NWEDCPL.